Open Conference Systems, 16th SGBED & XII ESPM International Conference in Management

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The impacts of institutions on megaprojects: a systematic literature review
Rachel Xenia Chang, Paulo Roberto Feldmann, Eduardo Eugenio Spers, Roberto Sbragia

Last modified: 2019-03-27

Abstract


Megaprojects are complex and costly endeavors highly influenced by institutions and characterized by a business-government relationship. This study aims to evaluate the current approach in the academic literature about megaprojects and the institutional environment and, besides, verifying that those initiatives are more influenced by formal or informal institutions. A systematic literature review is conducted, based on bibliometric and content analysis. The findings indicate that regulatory aspects regarding megaprojects are mostly highlighted in the selected articles, but normative and cultural-cognitive pillars are increasing in importance even considering that norms, values and beliefs are less changeable in a society.


Keywords


megaprojects; institutions; formal institutions; informal institutions; business-government relationships

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